Sapporo, Hokkaido — Hotel Cap Rates & Price per Sqm
9 transactions from J-REIT timely disclosures｜Last updated: September 21, 2026 (refreshed weekly)
Transactions
9
Median CR (all time)
4.30%
CR range (last 3 years)
4.2–5.0%
Avg. price (all time)
48.7×¥100M
1 transactions were disclosed in the last 12 months. The all-time median cap rate across 9 deals is 4.30%.
Cap rate trend (monthly median)
Calculated from disclosed cap rates (appraisal NOI yield). See the table below for individual sources.
All transactions (9)
| Date | Property | Ward | Price | Cap rate | Age | Source |
|---|---|---|---|---|---|---|
| 2026/03 | Quintessa Hotel Sapporo Susukino 63 Relax&Spa | 中央区 | 40.2×¥100M | 4.40% | 35 | REIT-IR ↗ |
| 2024/12 | Nest Hotel Sapporo Station | 中央区 | 47.0×¥100M | 5.00% | 40 | REIT-IR ↗ |
| 2024/09 | Quintessa Hotel Sapporo | 中央区 | 53.5×¥100M | 4.60% | 31 | REIT-IR ↗ |
| 2024/09 | からくさホテル札幌 (準共有持分20%) | — | 10.6×¥100M | 4.30% | 7 | REIT-IR ↗ |
| 2024/03 | Vessel Hotel Campana Susukino | 中央区 | 29.2×¥100M | 4.20% | 5 | REIT-IR ↗ |
| 2023/09 | La'gent Stay Sapporo Odori | 中央区 | 100.2×¥100M | 4.30% | 7 | REIT-IR ↗ |
| 2023/09 | Fino Hotel Sapporo Odori | 中央区 | 42.0×¥100M | 4.30% | 3 | REIT-IR ↗ |
| 2023/09 | KOKO HOTEL Sapporo Station | 中央区 | 67.0×¥100M | 4.30% | 8 | REIT-IR ↗ |
| 2023/08 | THE KNOT SAPPORO | 中央区 | 49.0×¥100M | 4.30% | 21 | REIT-IR ↗ |
FAQ
What is the average Hotel cap rate in Sapporo, Hokkaido?
The median cap rate across 9 J-REIT disclosed transactions (all time) is 4.30% (as of September 21, 2026, appraisal NOI yield basis).
What is the data source?
Timely-disclosure PDFs published on each J-REIT official IR page. Every record links to its source.